Nordstrom Rack To Open In Portland, Maine
Issie Shait , Senior Vice President Property Management of New England Development, said, "We are extremely pleased to bring the first Nordstrom Rack to Maine and the Portland area. It is a great addition to the merchant mix at Maine Crossing and our customers will love the shopping experience."
About New England Development
New England Development is one of the nation's premier real estate development and management companies, with more than 50 million square feet of retail, commercial and residential space to its credit. Founded by Chairman and Chief Executive Officer Stephen R. Karp in 1978, New England Development is acclaimed for creating imaginative, high-quality real estate developments, demonstrating time and time again its expertise in turning the most challenging situations into the most successful projects. These developments include mixed-use complexes featuring retail, residential, hotel and office uses; lifestyle retail centers; power centers; outlet centers; marinas; golf courses; resort and convention hotel properties; and even an entire planned community.
Nordstrom, Inc. is one of the leading fashion specialty retailers based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 240 stores in 31 states, including 117 full-line stores, 119 Nordstrom Racks, two Jeffrey boutiques, one treasure&bond store and one clearance store. Nordstrom also serves customers through Nordstrom.com and through its catalogs. Additionally, the Company operates in the online Private sale marketplace through its subsidiary HauteLook. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.